Invest in The Middle East
Investment in The Middle East
The Middle East has become a popular investment destination, given its extensive energy resources and rapidly growing population. While many countries in the region rely on crude oil to support their growth, some forward-looking governments have spent their historically large budget surpluses on public works and other projects designed to stimulate their domestic economies. Others have enacted changes that could encourage investment and growth over the coming years.
In the current international context, the widespread idea among citizens on the Middle East is very different to the image of many investors. While the majority envisions a scenario with multiple conflicts and linked to petrodollars, the region is witnessing the appearance of technology startups that in 2015 grabbed the attention and resources of important investors from around the world. Europeans and Americans have not missed the opportunity of joining this new entrepreneur system.
From Egypt to Kuwait and United Arab Emirates, the needed foundations are being set for the development of new business plans. Indeed, one of the key factors has been the arrival of business angels in the region, which grant greater credibility to projects and increase their possibilities for success.
Another essential factor to explain this trend in the Middle East is that new companied are able to become the door for large international companies to land in these countries. If a technology giant like Amazon wanted to invest in the region, one of its best options would be to acquire a startup that already exists on the ground.
The new business landscape that is emerging in the Middle East could foster a necessary change in the image that we have of the region. Certainly, US technology giants from the US, Europe and Asia will not lose track of the development of startups in this region to use them as an entrance gate to these markets.